Footprint Analytics Analyst: lynn
Data Source: Footprint Analytics - 2021 NFT Annual Report Dashboard
This post is part of our Year in Review series.
This post is part of our Year in Review series.
Introduction: If DeFi brings capital into the encryption field, then NFT brings people into the encryption field.
2021 is known as the first year of NFT. From various industry giants to individuals, such as artists and celebrities from all walks of life, they have entered NFT one after another. Although the concept of NFT has been mentioned as early as 2014, the record high NFT price in 2021 will continue to increase the public's attention and attraction. It was not until this year that NFT was truly "out of the circle".
What are NFTs?
The full English name of NFT is Non-Fungible Token, which translates into Chinese as: non-homogeneous token, which is the only and indivisible digital asset. In essence, NFT is a token based on blockchain technology. It is a representative of ownership and can prove that you are the only holder of a unique digital item.
The innovation of NFT is that it provides a way to mark the ownership of native digital assets in a decentralized way. Due to its anti-counterfeiting nature and the transparent transaction process, it is loved by people from all walks of life.
2021 NFT Data Overview & ReviewImportant NFT data in 2021。
according toFootprint AnalyticsIt can be seen from the data that as of 2021, the cumulative transaction volume of NFT is $21.5 billion, and before 2021, the cumulative transaction volume is only $120 million, and the cumulative transaction volume has soared 200 times in one year. The cumulative number of transactions has increased 50 times from less than 1.3 million to 65.4 million in 2021.
Footprint Analytics：Quarterly Trading Volume and Traders Before 2022
NFT has become a trend from little-known to well-known, and it has also experienced out-of-circle events and changes again and again. Let's take a look at its development path together with the data.
Footprint Analytics - NFT Monthly Trading Volume by Projects in 2021
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In February 2021, Dapper Labs' NBA Top Shot sold star video highlights in the form of NFTs, which eventually became digital assets in the hands of buyers, creating a transaction volume of 226 million US dollars, exceeding the transaction volume of the entire NFT market in the past year . NFT began to inadvertently attract the attention of more encrypted consumers.
Footprint Analytics - NBA Top Shot Trading Volume & Trader in 2021
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Artists and celebrities have also made waves in the NFT space. It is worth mentioning that at the Christie's auction on March 11, the digital work "First 5000 Days" by encrypted artist Beeple was sold for US$69 million, creating the third place in the single auction scale of a living artist and causing a sensation in the entire encrypted world.On March 23, Twitter CEO Jack Dorsey posted in 2006first tweet
Over $2.9 million was sold in the form of NFT, further promoting the NFT craze.
Other avatar-like projects, such as 2D CryptoPunks and 3D Meebits launched by Larva Labs, have also begun to be known and sought after by the public.
The third quarter: NFT topics continue, GameFi rises strongly, and more stars enter NFT
The transaction volume of NFT in the third quarter accounted for almost half of the whole year of 2021. It declared its influence in the encryption world with a transaction volume of $10 billion.GameFiThe first shot of the frenzy has also made blockchain games enter a stage of frantic development in the past few months. The monthly transaction volume in August was $1.8 billion, an increase of 1500% compared to January 2021, and the number of transactions reached 2.8 million.
Footprint Analytics - Axie Infinity Trading Volume & Trader in 2021
The crazy growth of users has brought about a rise in currency prices. From May to July this year, when the entire currency circle was mourning, AXS rose against the trend, breaking the traditional situation that the entire currency circle fluctuated with the BTC and ETH market.
Footprint Analytics - AXS Price
The transaction volume of the generated artwork project Art Blocks also reached a historical high of $587 million in August, and the number of transactions exceeded 20,000. It has become the well-deserved No. 1 NFT art stock in terms of sales and popularity.
Footprint Analytics - Art Blocks Trading Volume & Trader in 2021
Another NFT project - Loot, is different from our common JPEG or GIF, it is just a TXT text, these 8 lines of text are written 8 kinds of randomly generated adventurer equipment, with the collective imagination as the upper limit, promote The NFT paradigm shift also became a hot topic in September.
Footprint Analytics - Loot Trading Volume & Trader in 2021
If ordinary people join NFT, it may be regarded as speculation, and the joining of stars is the most bullish signal for NFT. The avatar NFT Bored Ape Yacht Club (BAYC) is very popular in the star circle. In August, NBA star Stephen Curry paid $180,000 for an NFT avatar of a boring ape. There are other stars like Jimmy Fallon, Logan Paul, Shaq O'Neill, and fans of Boring Apes.
Footprint Analytics - BAYC Trading Volume & Trader in 2021
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Q4: Real estate speculators enter the metaverse, virtual real estate booms
On October 28th, Facebook, with a monthly activity of more than 3 billion, officially announced that it was renamed Meta, and announced that it would be "all in" in the Metaverse in the future. Once again, the concept of metaverse is pushed to the whole people.The SandboxWith the increasing attention, Metaverse is constantly challenging the public's imagination. Now, the metaverse craze has spread to the field of real estate transactions. In the past 2 months, more and more investment companies have begun to invest in the "sandbox" (Decentraland)” and other virtual worlds to “snap up” land. On November 23 (Tuesday, Eastern Time), a piece of digital land was sold at a high price of 2.43 million U.S. dollars (about 15.52 million yuan) in the virtual world platform Decentraland, refreshing people's understanding of virtual assets.
Footprint Analytics - The Sandbox Trading Volume & Trader in 2021
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Summary of NFT in 2021: Unlimited scenery, frequent hotspots, and insufficient vitality of the project
But from a closer look at the development of each project, the popularity of each project will be diluted by the next hotter project after a short period of time. After a hot spot, projects with a sharp drop in transaction volume and number of people are the norm.
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Looking to 2022: How will NFT develop?
2021 is a year when people are deeply attracted and crazy about NFT. 2022 has quietly arrived, how will the NFT market develop?
More and more industries and brands will join
We see that in the second half of 2021, many brands began to participate in NFT. Brands such as Nike, Adidas, Budweiser, and Disney have also set up NFT projects. It is believed that more and more brands or enterprises will join in as a new medium to boost the development of enterprises.
The NFT ecosystem is more mature and solves more practical problems
NFT is a very young field in the encryption industry. Over time, transaction volume, asset liquidity, and the number of new users are rapidly expanding. actual problem.
More traditional non-homogeneous assets are issued on the chain
About Footprint Analytics:
About Footprint Analytics:
Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy the zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.
Footprint Analytics is a one-stop visual blockchain data analysis platform. Footprint assisted in solving the problem of data cleaning and integration on the chain, allowing users to enjoy the zero-threshold blockchain data analysis experience for free. Provide more than a thousand tabulation templates and a drag-and-drop drawing experience, anyone can create their own personalized data chart within 10 seconds, easily gain insight into the data on the chain, and understand the story behind the data.https://www.footprint.network
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The above content is only a personal opinion, for reference and communication only, and does not constitute investment advice. If there are obvious understanding or data errors, feedback is welcome.
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